Unitree Robotics is going public tomorrow! Right now, the hype price is still at $101—are you kidding me? Currently, Unitree's issue price is 150.8 RMB, which is roughly $22—4.5x higher! Even Unitree's lead underwriter, CITIC Securities, gave the most optimistic valuation at a market cap of 150 billion RMB, which is about $22 billion. But now it's already at $40 billion—this is insane! By 2025, Unitree's humanoid robot shipments are only projected to be 5,500+ units, with net profits of just 278 million RMB. At this valuation, it's completely off the charts!